Non-farm payrolls explode, unemployment rate rises! The crypto market is likely to surge tonight!

Two key pieces of data were released tonight:

Non-farm payrolls increased by 139,000, directly exceeding expectations (130,000) and the previous value (177,000).

The unemployment rate is 4.2%, unchanged from last month.

How to understand this?

In summary: Strong employment, struggling lower classes, inflation cannot be suppressed, interest rate cuts are in jeopardy!

1. Non-farm payrolls are bearish for interest rate cuts, but bullish for risk aversion sentiment.

The non-farm numbers are so strong that hopes for a short-term interest rate cut by the Federal Reserve have been dashed.

This puts pressure on U.S. stocks and creates a short-term bearish sentiment for gold.

However, it’s different for Bitcoin; it is increasingly resembling a **“hybrid asset of risk and safe haven.”

Especially with the unemployment rate breaking 4%**, it marks a psychological threshold, indicating that the lower classes are beginning to struggle.

High inflation, weak consumption, and difficulty finding jobs— the overall environment can be summarized as: money is becoming less valuable.

At this time, assets like Bitcoin, which are considered “inflation-resistant,” are more likely to attract investment.

2. Is tonight a major player’s washout?

Once the data was released, U.S. Treasuries plummeted, and the dollar surged instantly.

But as long as the dollar does not reach a new high, this strength is merely superficial.

What could happen in the crypto market?

Initially, there might be a sell-off to wash out floating positions, followed by a surge.

This is a typical double kill rhythm, first scaring you away, then cleaning out everyone with one sharp move, and then pulling up.

3. Conclusion: Don’t rush in; wait for the rhythm to emerge.

Right now: The data is explosive, but the structure has issues.

Interest rate cuts are off the table, but risk-averse funds may flow into Bitcoin,

making the likelihood of an independent market trend even greater.

Tonight, it’s not advisable to engage in fierce trading.

Clarify the rhythm and wait until the main players finish their washout; that is the true entry point.

If you want to rush in, first calm down; the real market isn’t dictated by the data, but by how the main players leverage the situation to perform.

Don’t be fooled by the superficial fluctuations; the key point is in the following sentence:

The harsher the washout, the higher the pull-up.